The seven competitive advantages of a modern corporate treasurer

To be successful, it’s critical to keep up to date on the latest tools and techniques. Kyriba has released a new eBook on seven treasury topics they believe that corporate treasurers can use to gain competitive advantage:

Improving fraud prevention and detection by understanding the different types of fraud and taking appropriate measures to safeguard the company

Creating a robust business continuity plan which should include employee cross training, procedure documentation and managing working remotely. The plan should be tested regularly with employees working remotely and completing all of the critical tasks place once a quarter

Ensuring regulatory compliance in which having the right partners is a critical part of the solution.

Kyriba conclude that “the current challenges are set to continue” and “By using appropriate tools, and, by putting suitable structures and processes in place, treasurers are able not only to overcome the current obstacles, but also to gain a competitive advantage.”